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Where Keynes Went Wrong
In responding to the financial crash of 2008, both the Bush Administration and the Obama Administration have relied on prescriptions developed by John Maynard Keynes, the most important economist since Marx. But should we be relying on Keynes? What did Keynes actually say? Did he make his case? Hunter Lewis concludes that he did not. If Keynes was wrong then so are the economic policies of virtually all world governments today.
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Alexis de Tocqueville
Democracy in America and Two Essays on America
A contemporary study of the early American nation and its evolving democracy, from a French aristocrat and sociologist
In 1831 Alexis de Tocqueville, a young French aristocrat and ambitious civil servant, set out from post-revolutionary France on a journey across America that would take him 9 months and cover 7,000 miles. The result wasDemocracy in America, a subtle and prescient analysis of the life and institutions of 19th-century America. Tocqueville looked to the flourishing deomcratic system in America as a possible model for post-revolutionary France, believing that the egalitarian ideals it enshrined reflected the spirit of the age and even divine will. His study of the strengths and weaknesses of an evolving democratic society has been quoted by every American president since Eisenhower, and remains a key point of reference for any discussion of the American nation or the democratic system.
This new edition is the only one that contains all Tocqueville's writings on America, including the rarely-translated Two Weeks in the Wilderness, an account of Tocqueville's travels in Michigan among the Iroquois, and Excursion to Lake Oneida.
For more than seventy years, Penguin has been the leading publisher of classic literature in the English-speaking world. With more than 1,700 titles, Penguin Classics represents a global bookshelf of the best works throughout history and across genres and disciplines. Readers trust the series to provide authoritative texts enhanced by introductions and notes by distinguished scholars and contemporary authors, as well as up-to-date translations by award-winning translators.
Read moreIn 1831 Alexis de Tocqueville, a young French aristocrat and ambitious civil servant, set out from post-revolutionary France on a journey across America that would take him 9 months and cover 7,000 miles. The result wasDemocracy in America, a subtle and prescient analysis of the life and institutions of 19th-century America. Tocqueville looked to the flourishing deomcratic system in America as a possible model for post-revolutionary France, believing that the egalitarian ideals it enshrined reflected the spirit of the age and even divine will. His study of the strengths and weaknesses of an evolving democratic society has been quoted by every American president since Eisenhower, and remains a key point of reference for any discussion of the American nation or the democratic system.
This new edition is the only one that contains all Tocqueville's writings on America, including the rarely-translated Two Weeks in the Wilderness, an account of Tocqueville's travels in Michigan among the Iroquois, and Excursion to Lake Oneida.
For more than seventy years, Penguin has been the leading publisher of classic literature in the English-speaking world. With more than 1,700 titles, Penguin Classics represents a global bookshelf of the best works throughout history and across genres and disciplines. Readers trust the series to provide authoritative texts enhanced by introductions and notes by distinguished scholars and contemporary authors, as well as up-to-date translations by award-winning translators.
Robert Nozick
Anarchy, State, and Utopia
Translated into 100 languages, winner of the National Book Award, and named one of the 100 Most Influential Books since World War II by the Times Literary Supplement, Anarchy, State and Utopia remains one of the most theoretically trenchant and philosophically rich defenses of economic liberalism to date, as well as a foundational text in classical libertarian thought. With a new introduction by the philosopher Thomas Nagel, this revised edition will introduce Nozick and his work to a new generation of readers.
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Bob Murphy
Contra Krugman
With a foreword by Ron Paul
This book is a relentless assault on the ideas of Krugman and on the Keynesian economics that would have the government direct the economy in order to maximize prosperity and prevent recessions.
In fact, the more they try to manage the economy the worse they make it - as during the housing bubble years when the Fed and the federal government colluded to gin up the housing market in order to keep the economy robust after 9/11. Oops.
Unfortunately for Krugman and his followers, Krugman is able to declare victory for Keynesianism only by citing highly selective data, by ignoring or misrepresenting his own predictions, or by misstating the views of his opponents. Krugman even claims to have predicted the housing bubble - after having called for the very policies that created it.
Economist Robert Murphy (PhD, NYU) has an uncanny ability to recall Krugman's columns and interviews and puts his command of this material to devastating use in this book. As Murphy shows, in no way can it be said that Keynesian analysis has won the day. To the contrary, the Austrian School - which has been critical of government intervention, particularly central banking - has been vindicated in episode after episode.
Topics include:
- The Great Depression
- Obamacare
- Krugman's predictions
- Monetary policy
- Climate change
- Financial "reform"
- Employment and wages
- The minimum wage
- Business cycles
- Stimulus
Listen to this book, and never lose a debate again.
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